This content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation.

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The content is developed from sources believed to be providing accurate information.
The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals
for specific information regarding your individual situation. Some of this material was developed and produced by
FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named
representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and
material provided are for general information, and should not be considered a solicitation for the purchase or
sale of any security.

The U.S. Securities and Exchange Commission has adopted rules in an effort to improve public disclosure of order execution and routing practices. As a result, broker/dealers must, on a quarterly basis, disclose the identity of the market centers to which they route a significant percentage of their orders and the nature of their relationships with such market centers. Finally, brokers must respond to the requests of customers interested in learning where their individual orders were routed for execution during the previous six months. American Trust Investment Services Advisory has a tri-party clearing agreement with LaSalle St. Securities, LLC (LSS) and National Financial Services, LLC and uses the LSS trade desk to execute transactions.

American Trust Investment Services Advisory has a contractual agreement with National Financial Services (NFS) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, NFS is responsible for making all disclosures to our firm's designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that our firm (the introducing broker-dealer) and NFS (the clearing firm) have to the client. Although client assets are held by NFS, a Fidelity Investment Company, NFS has no responsibility for the financial condition or performance of our firm or our Financial Consultants. NFS is a member of the Securities Investor Protection Corporation (SIPC). SIPC is a nonprofit membership corporation funded by its member security broker-dealers. Securities in accounts carried by National Financial Services LLC ("NFS"), a Fidelity Investments Company, are protected in accordance with the Securities Investor Protection Corporation ("SIPC") up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC's Board of Directors. NFS also has arranged for coverage above these limits. Neither coverage protects against a decline in the market value of securities, nor does either coverage extend to certain securities that are considered ineligible for coverage. For more details on SIPC, or to request a SIPC brochure, visit www.sipc.org or call 202.371.8300.

In addition to SIPC protection, NFS provides for brokerage accounts additional "excess of SIPC" coverage for Lloyd's of London together with other insurers. (1)

The "excess of SIPC" coverage would only be used when SIPC coverage is exhausted. Like SIPC protection, "excess of SIPC" protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate "excess of SIPC" coverage available through NFS's "excess of SIPC" policy is $1 billion. Within NFS's "excess of SIPC" coverage, there is no per account dollar limit on coverage of securities, but there is a per account limit of $1.9 million on coverage of cash. This is the maximum "excess of SIPC" protection currently available in the brokerage industry.

Lloyd's of London currently has an A (Excellent) rating with "Stable Outlook:" from ratings firm A.M. Best (2) and an A+ (Strong) rating with "Stable Outlook" from Fitch Ratings (3) and "Positive Outlook" from Standard & Poor's (3).

(1) Fidelity's "excess of SIPC" insurance is provided by Lloyds of London together with Axis Specialty Europe Ltd. and Munich Reinsurance Co.(2) As of July 2012(3) As of August 2012

Ratings and outlook are subject to change. For ratings explanations, please go to http://www.lloyds.com/Lloyds Markets/Rating/.

LaSalle St. Securities, LLC ("LSS") is a broker-dealer with a trade clearing arrangement with National Financial Services, LLC ("NFS"). LSS is not associated in any way with the broker who is carrying your account, ATIS. LSS is neither affiliated, has an interest, owns or is in any way responsible for the operation of ATIS. LSS has no investment in ATIS. As a courtesy to ATIS, LSS has agreed to introduce your account to NFS. A copy of the agreement providing for this service will be provided to you on request. This introduction does not mean LSS carries your account. LSS is not responsible to determine the suitability of any transaction you make with ATIS or your registered representative. Indeed, your representative is registered with ATIS only, and not LSS. LSS has no ability or responsibility to supervise or direct the operations or activities of either ATIS or your broker, or to otherwise monitor recommendations made by your broker. Under its Third Party Agreement with NFS and ATIS, LSS has specifically disclaimed any responsibility to supervise your broker or to assume responsibilities regarding ATIS other than allowing ATIS to introduce your account to NFS which actually carries your account and provides custody services. LSS is not responsible for the approval, acceptance, monitoring, opening or supervision of accounts which it introduces to NFS on behalf of ATIS. You acknowledge and agree to look to ATIS alone regarding solicitation, suitability and recommendation of trades in your account. At all times, you will remain a customer of ATIS only and not LSS in any way. ATIS and your broker have no authority to act as a principal or agent of LSS and are not authorized to speak on behalf of LSS in any way. LSS' introduction of your account to NFS shall not be construed as creating a partnership, joint venture or other joint entity of any kind. You acknowledge that LSS does not control or direct the business or operation of ATIS in any way. You also acknowledge that LSS shall not, under any circumstances, be deemed to have a fiduciary relationship with you or any ATIS customer or any obligation other than to introduce your account to NFS on behalf of ATIS.